JMC IT on acquisition trail as it looks to accelerate growth

Revenues at JMC IT are on course to reach a five-year high and the IT services and software supplier is on the acquisition trail as it seeks to further accelerate its growth, bosses said today. A strong first half has put the Salford firm on track for sales of £10m in the 12 months to June, up from £9.6m last year. It will be the first time since 2008 that JMC IT has hit revenues of £10m.

Revenues at JMC IT are on course to reach a five-year high and the IT services and software supplier is on the acquisition trail as it seeks to further accelerate its growth, bosses said today.

A strong first half has put the Salford firm on track for sales of £10m in the 12 months to June, up from £9.6m last year. It will be the first time since 2008 that JMC IT has hit revenues of £10m.

Business development director Tim Maxwell (pictured) said JMC IT has a healthy cash balance and headroom in its banking facilities to fund takeovers, as it targets firms offering complementary services that can be easily integrated.

The company, which provides IT infrastructure and support services and is a reseller of Microsoft business management software, is looking in particular to expand its cloud computing offer.

JMC IT serves clients in sectors including accountancy, law, social housing, manufacturing, warehousing and distribution and sports and leisure. Its customers include Premier League soccer clubs such as Manchester United, Everton, Liverpool and Aston Villa.

It has been owned since 2003 by its management team, led by managing director Andrew Burgess.

Profits last year nudged up slightly, from £984,000 to £992,500, following significant investment in the business. They are expected to remain stable this year as it continues to invest for growth, with a recruitment drive planned.

The business has seen employee numbers rise by 11 to 90 over the past 12 months as demand has increased.

Mr Maxwell said: “We are continuing to build on our recent achievements as we grow the business and take advantage of the latest releases from Microsoft.

“We are looking at an acquisition strategy, with a focus on northern-based businesses.”

JMC IT, which was established in 1981, enjoyed a strong run after the 2003 management buyout, with staff numbers rising to 110 and turnover to £10.5m immediately before the 2008 credit crunch.

After that, however, its workforce declined as sales fell. However, its fortunes have improved as businesses which delayed their spending during the downturn have recently begun to invest again.

Mr Burgess said: “We are extremely proud to be in such a strong position. We hope to continue our strong growth trajectory, with new hires already in the pipeline for early 2013.”

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